Solution - Compound interest (basic)

891451.17

891451.17

Step-by-step explanation

Use $A = P {(1 + r / n)}^{(n t)}$ with $P = 21, 704$ , $r = 14 %$ , $n = 4$ , $t = 27$ .

Compute period rate and exponent: $\frac{r}{n} = 0.035$ , $n t = 108$ , so the growth factor is $41.0731279078$ .

Multiply principal by growth factor: $21, 704$ × $41.0731279078$ = $891451.17$ .

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Compound interest appears in savings, loans, and investments. Understanding it builds strong financial literacy.